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Dec 14, 2012
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>> absolutely. >> that's how america normally does, it i guess. let me ask you. interesting to look around the world and see austerity everywhere you look. we're looking at this subject, whether it's in the united states, in italy, throughout europe. give us your sense of what's going on with the debt situation in italy right now. news today, of course, that the public debt rose above 2 trillion euro for the first time in october. can the government get the debt under control in italy? >> you know, we started to manage our spending review last year when government took place. there was a huge parliamentary alignment around the agenda of the prime minister because the crisis effect was that there was no alternative, so everyone had to really support an agenda of tackling the control of costs and tackling the reforms that every country needs, every democracy needs. the agenda was put in place so fast that it had an effect also on the italian reputation and negotiating power versus the other european countries, and the effect of that, all the measures that the ecb t
>> absolutely. >> that's how america normally does, it i guess. let me ask you. interesting to look around the world and see austerity everywhere you look. we're looking at this subject, whether it's in the united states, in italy, throughout europe. give us your sense of what's going on with the debt situation in italy right now. news today, of course, that the public debt rose above 2 trillion euro for the first time in october. can the government get the debt under control in...
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Dec 7, 2012
12/12
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this is according to the plan sponsor council of america. what's different, though, retirement plan experts tell me is that this is a way for corporations to better manage their costs. the unfortunate thing for many workers, according to financial advisers, is of course you're going to miss out on the dollar cost averaging of this added contribution, and that means you may miss out on longer-term returns. >> sharon epperson, thank you very much. what does this all mean to your retirement savings? allison says in today's economic climate this is a welcome trade-off. >> but bridget is more concerned and says employees become a lot more vulnerable to swings in the market. both of them join us now. thank you very much for joining us today. allison, let me get to you first. do you feel maybe this is something that employees are going to have to get used to? >> well, it's certainly something employees should be aware of. s it a change. it is ultimately a benefit reduction. in the grands scheme of things, however, with all the changes we've seen ov
this is according to the plan sponsor council of america. what's different, though, retirement plan experts tell me is that this is a way for corporations to better manage their costs. the unfortunate thing for many workers, according to financial advisers, is of course you're going to miss out on the dollar cost averaging of this added contribution, and that means you may miss out on longer-term returns. >> sharon epperson, thank you very much. what does this all mean to your retirement...
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Dec 21, 2012
12/12
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i think the energy independence in america is a huge theme going forward. there are other themes that are not dependent on the policy, as well. this obesity thing with my generation going into the diabetes year, the diabetes stocks, the handle diabetes, i think it's a very investable theme with long legs. >> steven, let me take it over to you. we had an expiration at the end of the day today. what did you see at the close? >> as you might expect, we saw enormous volume. it didn't move stocks that much. we stayed within the range of the day. 1422 is as clowe as they ever got. you did see some volatility, but nothing like we saw in the overnight futures markets. you saw enormous volume. but things did stabilize. the technology stocks, the financials, those kind of names. and it's been good, like the transports and the utilities are always safe haven. they turned up a little bit, but not so bad. it was a general risk off day, but nothing like the expected coming in. >> and where do you see conviction, steven, when you're watching all the flows and committed bu
i think the energy independence in america is a huge theme going forward. there are other themes that are not dependent on the policy, as well. this obesity thing with my generation going into the diabetes year, the diabetes stocks, the handle diabetes, i think it's a very investable theme with long legs. >> steven, let me take it over to you. we had an expiration at the end of the day today. what did you see at the close? >> as you might expect, we saw enormous volume. it didn't...
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Dec 12, 2012
12/12
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. >> the executives at aig, lehman brothers, bank of america, countrywide mortgage had nothing to do with this. this was all the government's fault. >> the government created the conditions where they did what they did, and if the government had kept a stable dollar you never would have needed this currency trading, default swaps and the like, so when you have a bad environment, people try to adjust to it, and the crazy things happen. in the 1970s, ail went from $3 to $40 a barrel and when we conquered the inflation and went back down, and we should do the same thing today. stable dollar, like 60 minutes an hour, thinking that changing minutes in an hour will help stimulate the economy, no. we need stability. >> gentlemen, you have very sufficiently filled eight minutes and i'm sure you could have filled 18 had we given them to you. >> two smart guys with two very different opinions. >> good to see you both. >> thanks. >> see you later. >> thanks for joining us. manpower survey shows businesses will continue to hire in the first quarter of next year with the fiscal cliff looming larg
. >> the executives at aig, lehman brothers, bank of america, countrywide mortgage had nothing to do with this. this was all the government's fault. >> the government created the conditions where they did what they did, and if the government had kept a stable dollar you never would have needed this currency trading, default swaps and the like, so when you have a bad environment, people try to adjust to it, and the crazy things happen. in the 1970s, ail went from $3 to $40 a barrel...
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Dec 28, 2012
12/12
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simply because when you look at corporate america, the average company, bill, is generating a 16% to 17% return on equity, record free cash margins and a federal reserve that has the pedal to the metal. what you and i have talked about before repeatedly, $4 in taxes for every dollar in phantom spending cuts. that's fiscal irritation, but the health of corporate america will be what ultimately prevails. >> sounds like david has been reading your book, rick santelli. >> it does. >> big fan of rick. >> this is such a perverse world we live in, okay. let's look as what's happening. down 158 in stocks and that pushed the ten-year yield under 170, okay. >> really. let me get this straight. they can't get a deal on controlling out-of-control debt, so rates go down. i used to trade during graham/rudman and i remember when they couldn't get deficit conversations right, treasuries went down and stocks went down. oh, would i love to get back to that type of reality. >> yeah. but you had a different guy at the federal reserve at the time. >> yeah, a different guy, you know, in hindsight he was m
simply because when you look at corporate america, the average company, bill, is generating a 16% to 17% return on equity, record free cash margins and a federal reserve that has the pedal to the metal. what you and i have talked about before repeatedly, $4 in taxes for every dollar in phantom spending cuts. that's fiscal irritation, but the health of corporate america will be what ultimately prevails. >> sounds like david has been reading your book, rick santelli. >> it does....